Cycle Time Is Computed As

question 73

Multiple Choice

Cycle time is computed as:

• A) desired output divided by the daily operating time.
• B) daily operating time divided by the product of desired output and the sum of job times.
• C) the product of desired output and the sum of job times divided by daily operating time.
• D) daily operating time divided by the scheduled output.
• E) 1.00 minus station time.

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Definitions:

Midpoint Formula

A method used in geometry and economics to find the midpoint or the average of two points on a line segment.

Consumer Expenditure

The total amount spent by consumers on goods and services in a given period.

Total Revenue

The overall amount of money generated from the sale of goods and services before any expenses are subtracted.

Inelastic

Describes a situation where the quantity demanded or supplied changes by a smaller percentage than the percentage change in price.